Mighty Nifty - Jan 8

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Price is at the trend deciding zone. How the price gains strength at this zone, will decide the trend direction.
Pattern : Consolidation, trend line break out.
Range : Medium.
Trend strength : Normal.
Buy Above : 21720.
Stop Loss : 21690.
Targets : 21750, 21780, 21800 and 21840.
These levels are derived based on the assumption that price will test the low of the range 21700 and decide the trend direction as it has broken the trend line resistance.
Sell below : 21640.
Stop Loss : 21690.
Targets : 21610, 21580, 21550 and 21520.

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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
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Transaction en cours
Short.
Note
T2 done. Near to the support zone. snapshot
Trade fermée: cible de profit atteinte
All targets done. snapshot
Trend Analysis

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